Common use of Conditions to Initial Extensions of Credit Clause in Contracts

Conditions to Initial Extensions of Credit. The obligation of the Lenders to make the initial Advances or issue or participate in the initial Letters of Credit, including the deemed issuance of the Existing Letters of Credit, if any, is subject to the satisfaction of each of the following conditions:

Conditions to Initial Extensions of Credit. The obligation obligations of the Lenders to make the any initial Advances extension of credit hereunder (whether by making a Loan or issue or participate in the initial Letters issuing a replacement and/or new Letter of Credit, including the deemed issuance of the Existing Letters of Credit, if any, is ) are subject to the satisfaction of each of the following conditionsfollowing:

Conditions to Initial Extensions of Credit. The obligation of the Lenders each Lender to make the initial Advances Loans or the Issuing Lender to issue or participate in the initial Letters Letter of Credit, including the deemed issuance of the Existing Letters of Creditwhichever shall occur first, if any, is are subject to the satisfaction of each of the following conditions:conditions (in addition to satisfaction of each of the conditions set forth in Section 5.1 as of the Closing Date):